APLT - Applied Therapeutics up 12% on $30M offering
2023-04-24 08:09:23 ET
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Applied Therapeutics ( NASDAQ: APLT ) enters securities purchase agreement for the sale of 9.74M shares at a purchase price of $0.946 per share and 22M pre-funded warrants.
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Gross proceeds of ~$30M are expected.
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Closing is expected to be on or about April 26, 2023.
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Net proceeds to fund research and development and registration of its pipeline candidates, and for working capital and general corporate purposes.
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The stock price is up 12% during pre-market.
For further details see:
Applied Therapeutics up 12% on $30M offering